Global Intelligent Elevator Automation System Market Overview to 2028 – Size, Share, Outlook and Opportunity Analysis

DUBLIN, February 04, 2022–(BUSINESS WIRE)–The “Intelligent Elevator Automation Systems Market” Report has been added to from ResearchAndMarkets.com offer.

Smart elevators are now being used in public buildings such as hotels, residences, offices, shopping malls, theaters, hospitals, sports venues and even airports.

These are basically designed to minimize total energy consumption and better manage passenger traffic within a given building. These elevators help to increase the overall productivity of a public building and also help to ensure the safety of visitors. For example, in a large hotel or museum, smart elevators will be able to reduce the number of elevator users and make the platform safer and more convenient for everyone.

Also, major structural changes are not required to use smart elevators, as they do not require any major overhaul of the building structure.

This means that the total cost of installing a smart elevator will likely be much less than the total amount of money required to install an existing elevator. Savings on the initial investment made by smart elevators will then be passed on to customers in the form of reduced operating costs. Therefore, smart elevators offer a cost-effective solution to the overall maintenance and operating costs of a public building.

Company Profiles

  • Fujitec Co.Ltd.

  • Honeywell International Inc.

  • Mitsubishi Electric Corporation

  • Tyco International Limited

  • Hitachi Ltd.

  • Schindler Group

  • Kone Corporation

  • ThyssenKrupp Elevator AG

  • Otis Elevator Company

Market dynamics:

The launch of new products is expected to propel the growth of the global intelligent elevator automation systems market. For example, in July 2021, the elevators and escalators division of Mitsubishi Electric US launched ELEMOTION, a modernization package to help building owners maintain the quality of existing elevator systems with targeted component updates. .

The major players operating in the global smart elevator automation systems market are focusing on adopting M&A strategies to enhance their market share. For example, in October 2021, 3Phase Elevator merged with Advanced Elevator, a company that provides similar services in Washington, DC, Maryland.

Main characteristics of the study:

  • This report provides an in-depth analysis of the global Smart Elevator Automation Systems market and provides the market size (Million US$) and compound annual growth rate (CAGR%) for the forecast period (2021- 2028), considering 2020 as the base year.

  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

  • This study also provides key insights into the market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.

  • It profiles leading players of the global Intelligent Elevator Automation Systems Market based on the following parameters: Company Highlights, Product Portfolio, Key Highlights, Financial Performance and Strategies

  • The information in this report would enable marketers and managing authorities of companies to make informed decisions regarding their future product launches, type upgrade, market expansion, and marketing tactics.

  • The Global Smart Elevator Automation Systems Market report is targeted at various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants and financial analysts.

  • Stakeholders would have an ease in making decisions through various strategic matrices used to analyze the global Smart Elevator Automation Systems market

Detailed segmentation

Global Smart Elevator Automation System Market, By Service:

Global Smart Elevator Automation System Market, By Component:

  • card reader

  • Biometric

  • Touch screen and keyboard

  • Security and control system

  • Sensors, motors and automation system

  • building management system

Global Smart Elevator Automation System Market, By End User:

  • Residential sector

  • Commercial sector

  • Hotel

  • Other

Global Smart Elevator Automation System Market, By Region:

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/f87neh

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220204005411/en/

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